Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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CMHC Q2, 2013 results – Insurance-In-Force went down

CMHC reported lower mortgage default rate for the last quarter. Arrears rate went down but there is no news if the premium will go down? Probably CMHC’s risk is not that closely associated with arrear rates. Following are some interesting stats from CMHC’s last quarterly results.

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Bank of Canada – Remained on the sideline for more than three years now

The bank did not have any compelling case to push the overnight lending rate up. Canadian dollar started its descend and global economy is not showing any promising recovery yet, inflation is still within its target – why make a move? Canadian economy still facing output gap

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Lenders are flooded with deals – What is the effect?

This is the closing season. Home buyers who sealed the deal in early summer are now moving in. This season is especially busy as after years of stagnation – mortgage rates are finally moving up. Many potential side-liners have jumped in due to the fear of missing

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Qualifying rate went up – A quick review

Bank of Canada finally changed the qualifying rate to 5.34%. That means a borrower either have to show a bit more income or have a lower budget to purchase a home. That is applicable if only you are interested in a less than five years fixed mortgage

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Our home is a good investment – Really?

This weekend we had a small group discussion over this burning question – is you home a good investment. I wouldn’t say that all the attendees were big financial gurus but no doubt they (including myself) all had common sense. We are mostly hand-to-mouth people. The pay-cheque

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Weekly Dose of Vitamin – M: Labour day Weekend Edition

This week bond yields did not show much sign of slowing down. Bonds kept falling with few pauses. In another news TD bank won most of the rewards of excellence from Ipsos. Actually among all the big banks TD is way ahead of others. The big banks

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Canadian Housing Affordability

Canadian housing is not so much affordable but in some places it is not that bad either. It is all about location.

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Discussion on debt – went higher. So what?

A recent TransUnion study showed that the average Canadian  consumer’s debt (excluding mortgage) went up by 3.5% to $27,000, per person, year over year. This has caused some debates to spur. What do you think? Is it normal or out of the ordinary? Logically – gas prices

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Banks Earnings – random thoughts

Why interest rate change will not hurt banks earnings: Obviously, bank’s main earning is not dependent on interest rate. It is the spread between cost of borrowing (or funding) and cost of lending – that earns bankers their breads. If you look at the spread then it

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Having a “Rate Hold” pays

We all do our best to make our clients happy. A happy client means we did something right. This time we were able to put smile on a lot of faces when the rates started to move up. It was beyond anyone’s imagination that the rates could

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Weekly Dose of Vitamin – M: Mortgage Rate Hike Edition

Mortgage News: Real-Estate News: Financial News: Other News: Thanks for reading. Have a good weekend.

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Qualifying rate will go up soon

Yesterday BMO moved its special discounted rates up by 0.2%. Today RBC followed the same road. They have jacked up their rates by the same amount. Along with its discounted rates RBC went a step further – it has increased the posted five years fixed rate to

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